It really depends on the workload. My old MacBook Pro feels the same as the newer model 98% of the time that I'm using it, but I really appreciate the extra RAM and double the core count when I need it.
Reducing build times from 30 seconds down to 15 seconds doesn't sound like much when you're not pressing the compile button very often, but it really does help improve my engagement and focus.
The newer graphics cards are also much better at handling large and high-resolution external monitors. The difference isn't pronounced if you're just using the built-in laptop screen, but start using multiple external 4K+ monitors and the faster GPU starts to shine.